Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan. As of December 31, 2021, the company's Celtic/Paradise Hill property had proved plus probable reserves of 4,047 thousand barrels (Mbbls) of heavy crude oil; the Wildmere field had proved plus probable reserves of 3,405 Mbbls of heavy crude oil and 1.4 billion cubic feet (Bcf) of natural gas; the Wilson Creek property comprised of proved plus probable reserves of 3,318 Mbbls of light crude oil and natural gas liquids (NGLs), and 6.2 Bcf of natural gas; and the Tableland property had proved plus probable reserves of 5,315 Mbbls of light crude oil and NGLs, and 3.5 BCF of natural gas. Gear Energy Ltd. is headquartered in Calgary, Canada.
Gear Energy Dividend Announcement
• Gear Energy announced a monthly dividend of $0.00 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-15
• Gear Energy annual dividend for 2024 was $0.04
• Gear Energy annual dividend for 2023 was $0.07
• Gear Energy's trailing twelve-month (TTM) dividend yield is 11.76%
• Gear Energy's payout ratio for the trailing twelve months (TTM) is 131.12%
Gear Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-15 | $0.00 | monthly | 2024-10-31 |
2024-09-13 | $0.00 | monthly | 2024-09-27 |
2024-08-15 | $0.00 | monthly | 2024-08-30 |
2024-07-15 | $0.00 | monthly | 2024-07-31 |
2024-06-14 | $0.00 | monthly | 2024-06-28 |
2024-05-14 | $0.00 | monthly | 2024-05-31 |
2024-04-12 | $0.00 | monthly | |
2024-03-14 | $0.00 | monthly | |
2024-02-14 | $0.00 | monthly | 2024-02-29 |
2024-01-12 | $0.00 | monthly | 2024-01-31 |
2023-12-14 | $0.00 | monthly | 2023-12-29 |
2023-11-14 | $0.00 | monthly | 2023-11-30 |
2023-10-13 | $0.00 | monthly | 2023-10-31 |
2023-09-14 | $0.00 | monthly | 2023-09-29 |
2023-08-14 | $0.00 | monthly | 2023-08-31 |
2023-07-13 | $0.01 | monthly | 2023-07-31 |
2023-06-14 | $0.01 | monthly | 2023-06-30 |
2023-05-12 | $0.01 | monthly | 2023-05-31 |
2023-04-13 | $0.01 | monthly | 2023-04-28 |
2023-03-14 | $0.01 | monthly | 2023-03-31 |
2023-02-14 | $0.01 | monthly | 2023-02-28 |
2023-01-13 | $0.01 | monthly | 2023-01-31 |
2022-12-14 | $0.01 | monthly | 2022-12-30 |
2022-11-14 | $0.01 | monthly | 2022-11-30 |
2022-10-14 | $0.01 | monthly | 2022-10-31 |
2022-09-14 | $0.01 | monthly | 2022-09-30 |
2022-08-12 | $0.02 | monthly | 2022-08-31 |
2022-05-13 | $0.01 | monthly | 2022-05-30 |
Gear Energy Dividend per year
Gear Energy Dividend growth
Gear Energy Dividend Yield
Gear Energy current trailing twelve-month (TTM) dividend yield is 11.76%. Interested in purchasing Gear Energy stock? Use our calculator to estimate your expected dividend yield:
Gear Energy Financial Ratios
Gear Energy Dividend FAQ
Other factors to consider when evaluating Gear Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Gear Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Gear Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Gear Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Gear Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Gear Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Gear Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Gear Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Gear Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Gear Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.